GST payment in case of No consideration
This query is : Resolved
Quick Summary
Ashwini Kalbhor
(Querist)
20 July 2020
Hello,
My Clint raise a bill to tenant for rent, but due to Covid -19 the tenant is not able to pay the same and he is demanding for waiver from rent bill. please tell me what are the implication under GST and is there waiver of GST laibility to my client. Thanks in Advance.
My Clint raise a bill to tenant for rent, but due to Covid -19 the tenant is not able to pay the same and he is demanding for waiver from rent bill. please tell me what are the implication under GST and is there waiver of GST laibility to my client. Thanks in Advance.
CA R SEETHARAMAN
(Expert)
20 July 2020
If rent is waived no GST applicable on it.
Ashwini Kalbhor
(Querist)
21 July 2020
Thank you sir, plz tell me if the bill is raised but there after it is cancelled then also GST will get waived ?
CA R SEETHARAMAN
(Expert)
24 July 2020
Yes it will be waived. Only in case of write off it will not be waived.
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